Recent Price Movement and Sector Context
Elgi Equipments has experienced a sustained decline over the past week, with a one-week return of -3.84%, contrasting with the Sensex's modest gain of 0.20% during the same period. The stock's one-month performance is similarly weak, down 9.21%, while the broader market index fell only marginally by 0.46%. Year-to-date, the stock has underperformed significantly, declining 19.25% compared to the Sensex's 8.22% rise. Over the last year, Elgi Equipments has lost 22.32%, whereas the Sensex gained 4.80%. These figures underscore a persistent underperformance relative to the benchmark.
Today's trading session saw the stock fall in line with its sector, which also declined by 2.66%. The compressors and pumps sector, to which Elgi belo...
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